THE CITIZEN
11
Money.Talk
Gening the money you need
(L S)
Getting the money you need to
con lidate debts inve or
start a busine has always been
major area of fro ration for
mo Americans. In fact, it
often appear to mo of us that
the adage is true: "The best
way to get money from a bank
is to prove that you don't need
the money."
All per ns seeking loans or
line of credit should take note
of the above adage and learn
to m e it work to their ad
vantage. The best way to make
it wor to your advantage is
to tart with the following
under anding: "The best time
to borrow money is when you
don't need it."
However, when borrowing
money you don't need implant
this statement firmly in your
mind: "Don't end the money
you borrow." In ead, make
the borrowed money wor for
you by investing it putting it
in a vings account or if you
h ve the skills and personality
u the money to start a profit
making busine •
In other words, the most
busine -like reason for borrow
ing money i to Use The Bor
rowed Money To Make You
More Money. Remember, all the
intere paid on bo ed
money is tax deductible. Thu
when you u borrowed mom y
for investment purpo you
accomplish thre things:
-You decrea your tax
burden becau the interest
payments are tax deductible.
-You improve your credit
rating for bigger, future loans
becau you are borrowing at a
time when you are not financial
hard pressed and you are thus
more likely to repay the an
in a timely manner.
-You are improving your
financial security and earning
additional money because you
took the borrowed funds and
invested them thus earning
interest yourself while also hav
ing access to a ready pool of
cash in event of an emergency.
ow, you probably don t
want to tell bank o. 1 that
you are borrowing money from
it in order to buy a certificate
of deposit at a riva] bank.
But once you get the loan you
can do with the money as you
see fit. In fact, with good
credit rating you can borrow,
let's y, 5,000 from three
or four different banks at the
same time.
The key to this u of the
financial system is not to waste
the money by spening it. The
borrowed funds must be in
ve ed. This required a lot of
discipline but it can be very
financially rewarding.
The big busine community
uses the nation's financial sys
tem to its advantage every day.
The average person can also
take advantage of some of
the e big business methods. If
you want 6t learn some of them
send for a booklet I authored
entitled The Financial Security
Guide. Make check or money
order payable to Law-Fay Com
munications P.O. Box 54041,
Washington, D.C. 20032
($11.95).
How to get the money you need
The Financial Security Guide
is a 99-page fact-filled book
let detailing dozens of easy
to understand methods for
getting the money you need
for greater f nancial security.
Compiled by veteran financial
journalist, James Nathan, the
guide includes: How To
Raise $10,000 In 90 Days;
Wh re To Obtain Loans
Through The Mails; Buying
Real Estate With No Money
1·
Down; Owning Your Own
Business, How To Get Foun
dation Grants and much
more.
Not a get-rich-quick guide
but a solid, well-researched
booklet that will detail how
and where to g g the money
you need. Make 16.95
check or money order pay
able to Law- Tay Communi
cations, P.O. Box 54041,
Washington, DC 20032.
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References
M&M
PRINTING, INC.
COMPLETE PRINTING SERV'C;E
632 Lake Street
Kalamaxoo, Michigan 490()1 .
16) 349-2460
Michael K. McCaU, Sr.
(616) 388-2109
.Doris Muon
SEW BEST . ,
AGENCY
1101 E. Mkh gon Ave.
Kolamazoo. MJ 49001
1147 Merrimac St.
Kolamozoo. MI 49009
381-7772
721 CHRYSLERST.
KALAMAZOO. MICH.
Dorboro Whitmore
Owner
Dus. (6�6) 372-1876
Res. (616) 375-6132
DONALD MAGETT
AGENCY DIRECTOR
3505 Olney St.
Kalamazoo, MI 49007
G ne Wright
(616)3454893
24 Hr. S E DI )-
Delivery -Cou rier Services
329 . Burdick
Kalamazoo I 49009
Phone:
'(616)3454222
Karen Conner Hinton
"L Our Hands Help Yours"
Triestram It
City Drug I ne.
SI'EETERS
201 Paterson
Kalamazoo, MI 49007
349·9526
*Home Style Cooking
*Southern Foods
*Hamburger & Fries
C II ah ad for faster s rvice
HOURS: Mon-Thur - 7-10
Fri & Sat 24 Hrs.
Sunday 7-10
1727·29 E. Main St.
(PRESCRIPTIONS)
349-8646
Greeting Cards * Gifts
Cosmetic * Candy